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Telesat Corp (TSAT)



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Upturn Advisory Summary
06/30/2025: TSAT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $19.04
1 Year Target Price $19.04
0 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -22.42% | Avg. Invested days 26 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.23B USD | Price to earnings Ratio - | 1Y Target Price 19.04 |
Price to earnings Ratio - | 1Y Target Price 19.04 | ||
Volume (30-day avg) - | Beta 1.82 | 52 Weeks Range 7.21 - 26.07 | Updated Date 06/29/2025 |
52 Weeks Range 7.21 - 26.07 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -4.59 |
Earnings Date
Report Date 2025-06-18 | When Before Market | Estimate - | Actual -0.753 |
Profitability
Profit Margin -16.52% | Operating Margin (TTM) 23.66% |
Management Effectiveness
Return on Assets (TTM) 1.71% | Return on Equity (TTM) -12.34% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 2227468401 | Price to Sales(TTM) 2.29 |
Enterprise Value 2227468401 | Price to Sales(TTM) 2.29 | ||
Enterprise Value to Revenue 5.67 | Enterprise Value to EBITDA 58.02 | Shares Outstanding 14666900 | Shares Floating 518219 |
Shares Outstanding 14666900 | Shares Floating 518219 | ||
Percent Insiders 3.85 | Percent Institutions 56.9 |
Analyst Ratings
Rating - | Target Price 19.04 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Telesat Corp
Company Overview
History and Background
Telesat was founded in 1969 by the Canadian government. It was privatized in 1998 and is one of the world's largest satellite operators. It has a long history of satellite innovation.
Core Business Areas
- Satellite Services: Provides satellite-based communications services, including broadband, video, and data solutions, to businesses and governments globally.
- LEO Program: Developing Telesat Lightspeed, a low Earth orbit (LEO) satellite constellation to deliver high-performance, low-latency connectivity.
Leadership and Structure
Telesat is led by a CEO and senior management team. The company has a board of directors that oversees its strategic direction.
Top Products and Market Share
Key Offerings
- Satellite Broadband: Provides broadband connectivity solutions for various applications, including maritime, enterprise, and government. Market share data varies by region and application. Competitors include ViaSat (VSAT) and Hughes Network Systems (EHT).
- Satellite Video: Delivers satellite-based video distribution services to broadcasters and media companies. Competitors include SES (SESGL.PA) and Intelsat (no longer publicly traded post-bankruptcy).
- Telesat Lightspeed (Planned): Planned LEO constellation promising low-latency, high-throughput connectivity. This is still in development, so no current market share or revenue data is available. Primary competitors will be Starlink (SpaceX - private), Kuiper (Amazon - AMZN) and OneWeb (private).
Market Dynamics
Industry Overview
The satellite communications industry is evolving rapidly, driven by demand for broadband connectivity, especially in remote areas. The rise of LEO constellations is disrupting traditional GEO satellite services.
Positioning
Telesat is transitioning from a GEO-focused operator to a hybrid GEO/LEO provider with Lightspeed. Its competitive advantage lies in its established GEO business and the potential of its LEO constellation.
Total Addressable Market (TAM)
The global satellite services market is projected to reach hundreds of billions of dollars. Telesat's positioning with Lightspeed targets a significant portion of this TAM, focused on high-performance connectivity.
Upturn SWOT Analysis
Strengths
- Established GEO satellite business
- Experienced management team
- Telesat Lightspeed LEO constellation development
- Strong customer relationships
Weaknesses
- High debt levels
- LEO constellation development risks (technical and financial)
- Competition from well-funded LEO operators
- Dependence on GEO satellite revenues during LEO transition
Opportunities
- Growing demand for broadband connectivity
- Expansion of LEO services into new markets
- Partnerships with telecommunications companies
- Government contracts for satellite services
Threats
- Intense competition in the LEO market
- Technological obsolescence
- Economic downturn affecting demand for satellite services
- Regulatory risks related to satellite operations
Competitors and Market Share
Key Competitors
- VSAT
- LSTR
- GILAT
Competitive Landscape
Telesat faces strong competition from established GEO operators and emerging LEO constellations. Its competitive advantage will depend on the performance and cost-effectiveness of Telesat Lightspeed.
Major Acquisitions
Stratos Global Communications
- Year: 2009
- Acquisition Price (USD millions): 670
- Strategic Rationale: Expanded Telesat's presence in the maritime and enterprise satellite services market.
Growth Trajectory and Initiatives
Historical Growth: Telesat's historical growth has been primarily driven by its GEO satellite business. Growth has been moderate in recent years.
Future Projections: Future growth is heavily reliant on the success of Telesat Lightspeed. Analyst estimates vary significantly depending on Lightspeed's performance.
Recent Initiatives: Key initiatives include the development and launch of Telesat Lightspeed, strategic partnerships to support LEO deployment, and continued investment in GEO satellite capabilities.
Summary
Telesat is a satellite operator transitioning to a hybrid GEO/LEO model with its Lightspeed constellation. The company faces significant competition in the emerging LEO market and carries high debt. Success hinges on the technical and financial viability of Lightspeed and effective market penetration. Established GEO revenues provides stability while LEO program is developed.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Telesat Corp
Exchange NASDAQ | Headquaters Ottawa, ON, Canada | ||
IPO Launch date 2021-11-19 | President, CEO & Director Mr. Daniel S. Goldberg J.D. | ||
Sector Technology | Industry Communication Equipment | Full time employees 610 | Website https://www.telesat.com |
Full time employees 610 | Website https://www.telesat.com |
Telesat Corporation, a satellite operator, provides mission-critical communications solutions to support the requirements of satellite users in Canada, the United States, Asia, Australia, Latin America, the Caribbean, Europe, the Middle East, and Africa. It operates through Geostationary (GEO) and Low Earth Orbit (LEO) segments. The company offers broadcast services comprising direct-to-home television, video distribution and contribution, and occasional use services; enterprise services consisting of telecommunication carrier and integrator, government, consumer broadband, resource, maritime and aeronautical, and retail and satellite operator services; and consulting services related to space and earth segments, government studies, satellite control services, and research and development. It also provides value-added services, such as satellite capacity, digital encoding of video channels, and uplinking and downlinking services; satellite capacity and end-to-end services for data and voice transmission to telecommunications carriers and integrators; space segment services and terrestrial facilities for enterprise connectivity; internet and cellular backhaul and services, including rural telephony to telecommunications carriers and network services integrators. In addition, the company offers direct-to-consumer broadband services; and communications services to offshore, oil and gas, and mining industries. Further, the company operates satellite and terrestrial networks that support enterprise and retail activities. It offers its services through a direct sales force. Telesat Corporation was founded in 1969 and is headquartered in Ottawa, Canada.
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